Wynn Resorts (WYNN) FY2012 results: revenue $5.2 billion, down 2.2% on the year
Wynn Resorts Ltd. (WYNN) reported revenue of $5.2 billion for fiscal 2012, the year ended 31 December 2012, down 2.2% on the year before. Net income was $502 million, down 18.2%, and diluted earnings per share $4.82. The figures are the company's own, from the 10-K it filed with the SEC on 1 March 2013.
Revenue
$5.2 billion
-2.2% on the year
FY2008FY2012
Operating margin
20.0%
19.1% a year earlier
FY2008FY2012
Net income
$502 million
-18.2% on the year
FY2008FY2012
Diluted EPS
$4.82
-1.2% on the year
FY2008FY2012
this yearthe year beforeHover a bar for its figure.
The year in brief
Income statement (profit and loss)
$ million
FY2012
FY2011
FY2010
On the year
Last 8 years
Revenue
5,154
5,270
4,185
-2.2%
Selling, general and administrative
442
389
391
+13.5%
Operating income
1,029
1,008
625
+2.1%
Operating margin
20.0%
19.1%
14.9%
Interest expense
289
230
223
+25.6%
Pre-tax income
733
806
337
-9.0%
Income tax
4.3
-19.5
20.4
Effective tax rate
0.6%
-2.4%
6.1%
Net income
502
613
160
-18.2%
Net margin
9.7%
11.6%
3.8%
Diluted EPS
$4.82
$4.88
$1.29
-1.2%
$ million except per share. Read moreFree cash flow is operating cash flow less capital expenditure; the effective tax rate is income tax over pre-tax income; margins are the line over revenue. Gross profit is revenue less cost of revenue, and operating income is revenue less the company's own total costs, where the statement does not print those lines. Those four are arithmetic on the filed numbers; everything else is as filed. Money is in $ million as the company files it, or in $ billion by the switch above the tables; per share figures and share counts are as they are.
Cash flow
$ million
FY2012
FY2011
FY2010
On the year
Last 8 years
Operating cash flow
1,186
1,516
1,057
-21.8%
Capital expenditure
241
184
284
+30.9%
Free cash flow
945
1,332
773
-29.1%
Free cash flow margin
18.3%
25.3%
18.5%
Cash from investing
-345
-459
-296
Cash from financing
-382
-1,058
-1,493
Depreciation and amortisation
373
398
406
-6.2%
Share-based compensation
19.6
23.9
27.2
-17.7%
Buybacks
0.9
7.6
n/a
-88.1%
Dividends paid
955
1,033
1,192
-7.5%
Dividend per share
$9.50
$6.50
$8.50
+46.2%
Diluted shares, weighted
104m
126m
124m
-17.0%
Shares outstanding at period end
101m
125m
125m
-19.4%
Balance sheet
$ million
FY2012
FY2011
FY2010
On the year
Last 8 years
Shareholders' equity
-259
2,089
2,238
Non-controlling interest
363
134
143
+170.0%
Debt
5,783
3,218
3,268
+79.7%
Other liabilities
1,390
1,458
1,026
-4.7%
Total liabilities and equity
7,277
6,899
6,674
+5.5%
Fixed assets
4,728
4,865
4,921
-2.8%
Intangible assets
31.3
35.8
40.2
-12.5%
Investments
139
214
n/a
-35.0%
Cash and equivalents
2,182
1,263
1,258
+72.8%
Receivables
239
238
187
+0.0%
Inventory
63.8
72.1
86.8
-11.5%
Other assets
n/a
212
180
Total assets
7,277
6,899
6,674
+5.5%
10-K for the year ended 31 December 2012, filed 1 March 2013: the filing.